Security still dominates discussions about cloud computing, but some groups such as high-frequency traders are concerned about its lack of high performance. Still, it is clear that the burgeoning technology is taking hold in the financial services industry, and CIOs and their teams ignore it at their peril, according to panelists and audience members who spoke at a cloud computing panel at the North American Trading Architecture Summit in New York last week.
Many sectors in the financial services industry have embraced cloud computing, but one group—high-frequency traders—remain reluctant to adopt shared clouds. This is due to two factors, according to one high-frequency trader in the audience. The first is that he says he needs high performance, not just data storage, and he's not sure that cloud can deliver that level of performance computing. Another...
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